Chuck Schumer and The Flaws of ESG Investing: A Political Distraction
The inclusion of nonpecuniary criteria leads to subpar returns, ignoring progress, and arbitrary objectives. Investors beware.
The ESG (environmental, social, and governance) movement has been gaining steam in recent years, with Senator Schumer arguing that it is a way for companies to “minimize risk and maximize returns.” S…
Keep reading with a 7-day free trial
Subscribe to Karl Dickey to keep reading this post and get 7 days of free access to the full post archives.